Dec 27, 2012 4:00am PST
christmas. this storm is going to be terrible, and superstorm sandy had to have depressed sales if you consider what kind of damage was done to new york and new jersey. > i was reading about that. the mid-atlantic and northeast account for 24% of all retail sales in the u.s. that is a huge chunk of sales. > > absolutely huge, and that is going to put a big impact on sales. if you are spending your money getting your house fixed up and waiting for the insurance company to pay you back, that is absolutely going to affect retail sales. > i was looking at some of the companies out there: urban outfitters, tiffany's, macy's, wal-mart, target, all down. did they not see this coming? were they too optimistic? > > i think the fiscal cliff made a much bigger difference than people realize. if the average consumer is looking at somewhere between a $500 and $2500 increase in taxes next year, it is going to change their behavior, just like it changed company behaviors when you saw them accelerate their dividends. so, when the government goes and changes behavior, it is going to affect things like
Jan 2, 2013 7:00am PST
the victims of superstorm sandy. lawmakers are angry because the republican house leadership ended the session without voting on that sandy bill. >> we're told we'll get a bill on the floor later this month in the next congress. it's already nine weeks. it's already an unprecedented length of time and why? new york and pennsylvania and new jersey, those residents -- are those residents any leisureses than other parts of the country -- are those residents any less residents than other parts of the country? >>> the deal to avert the fiscal cliff appears to be good news for hollywood. the legislation extends millions of dollars in tax incentives for the entertainment industry, through the end of the year. producers of movies made here in the u.s. can deduct up to $15 million in expenses. those incentives were generous for tv producers who can claim deductions for each episode. >>> experts are predicting a shortage of primary care doctors in california and across the country. as the population gets colder, and they also say that the affordal care act could strain access to primary care physicians.
Dec 29, 2012 7:00am PST
been forced out of their homes. the agency says superstorm sandy was the most challenging. the aftermath of that storm prompted the biggest response from the red cross in five years. >>> you've heard of the so-called fiscal cliff, but how about the dairy cliff? milk prices could double next year because a national farm bill expires on january 1st. if lawmakers do not extend that bill it, reverts to 1949 law when the government and not the market controlled prices. because of antiquated formulas used to set the price, a gallon of milk which now costs close to $4 in most places could jump to 6 or possibly even $8. >> it's the most important ingredient we use. if prices go up, it definitely affects our business. we're definitely concerned and we keep our eyes on the market. >> but some experts are downplaying the dairy cliff, saying the agriculture department will stall until congress moves to keep prices down. the farm bill provides disaster relief for farmers. >>> gay couples are now allowed to marry in the state of maine. [ applause ] >> this is video of the first gay coup